The Brian Petrelli Team Blog

Some more good news today for the Colorado housing market and Colorado bank owned homes. The Mortgage Banker’s Association reports today that Colorado is ahead of almost all other states in terms of Mortgage foreclosures and delinquencies.

This is in line with all of the other real estate and mortgage data we have been seeing for months. Colorado – and especially the metro Denver area – are ahead of the nation in recovering from the housing decline. In addition, most of the data we’re seeing for the area is trending upward.

From the Colorado Division of Housing (good graph at the link):

During the third quarter of 2011, only seven states reported lower percentages of mortgage loans that were were either in foreclosure or were 90 days delinquent. According to the third quarter’s national delinquency survey, released last week by the Mortgage Bankers Association, the percentage of mortgage loans in Colorado that are either in foreclosure or are either 90-days delinquent, was 4.22 percent. Nationally, the rate was 7.89 percent. Only Nebraska, Virginia, Alaska, Montana, Wyoming and the Dakotas reported a delinquency/foreclosure rate that was lower than Colorado’s.

If you’d like to discuss Colorado Bank owned Homes, Denver HUD homes or have any other questions on the Denver housing market, give our team of experts a cal at 303-726-1874.

Metro Area Foreclosure and HUD House Searches:
Aurora Foreclosures and HUD Homes, Arvada Foreclosures and HUD Homes, Brighton Foreclosures and HUD Homes, Broomfield Foreclosures and HUD Homes, Castle Rock Foreclosures and HUD Homes, Centennial Foreclosures and HUD Homes, Commerce City Foreclosures and HUD Homes, Denver Foreclosures and HUD Homes, Englewood Foreclosures and HUD Homes, Golden Foreclosures and HUD Homes, Highlands Ranch Foreclosures and HUD Homes, Lakewood Foreclosures and HUD Homes, Littleton Foreclosures and HUD Homes, Northglenn Foreclosures and HUD Homes, Parker Foreclosures and HUD Homes, Thornton Foreclosures and HUD Homes, Westminster Foreclosures and HUD Homes

We had blogged about our Park North Thornton Townhomes back in September. this is a great area near Federal Heights with some very nice and affordable townhomes. If you’re in the market for Thornton condos or townhomes, this area should be on your list.

In September, we listed a townhome as a short sale and it went under contract very quickly. We have since received short sale approval for this home at an amazing $73,000! Unfortunately for us (but maybe fortunately for you), the buyer was unable to obtain financing for this home and has moved on. The short sale approval still stands, so if you’d like to see this home before it goes under contract again, give us a call at 303-726-1874.

Park North Thornton Townhomes

8606 mariposa st thornton, CO 80260 $82,900.00

Beds: 4 Fin Sq Ft: 1536 Baths: 3 Year: 1966 # of Photos Avail: 5 V-tour Available: No MLS #: 999498 Listing Office: mb the brian petrelli team

Broker Remarks: great location near bell roth park and waterworld park. tile & wood floors on main, upper level with carpet & 4 bedrooms… more… Disclosures

If you are interested in learning more about Thornton short sales or Thornton foreclosures, give our team a call at 303-726-1874. We can help you though all of the steps to finding a great deal on your next home.

Some more good news today on Colorado Bank Owned homes and the related foreclosure numbers. The Denver Business Journal cited a report from the Colorado Division of Housing showing that new foreclosure filings in Colorado’s 12 urban counties fell to a 42 month low.

Our team has been seeing evidence of this for months now. Many of our clients have been forced into bidding wars on many of the bank owned homes we’ve helped them with. In addition, several of our buyers looking for Colorado Bank owned homes have had a very difficult time finding any available in the areas they are searching in. Inventory on foreclosures (and many private seller homes) has been down substantially.

From the Denver Business Journal:

The report says foreclosure filings in the 12 counties dropped 23.2 percent in October, to 2,350, from the same month of 2010, and also were down 3.3 percent from the previous month.

Foreclosure sales, meanwhile, were down 28.3 percent in October, to 938, from October 2010, and decreased 16.5 percent from September 2011.

If you would like to speak with our team about Colorado bank owned homes or Denver HUD homes, give us a call. We have experts in every major area of the Denevr metro market: 303-726-1874.

Our team has shown and sold many Green Valley Ranch Homes in Colorado (careful when you search online as there is a large development with the same name in Nevada). This is a fantastic area for first time homebuyers because you can get so much house for your dollar. In addition, it’s easy access to DIA and Downtown Denver are big selling points.

Yesterday, HUD released a new listing in Green Valley Ranch. This is an unbelievable deal: 3 beds, 2,600+ square feet – all for only $150,000! Plus, with HUD’s new down payment program, you can buy this home with just $100 down! Check out the pictures on this one. Denver HUD homes like this don’t come along often,

If you’d like to see this, or any of the other available Denver HUD homes, give us a call at 303-726-1874.

Green Valley Ranch Homes in Colorado

HUD Owned Home 20098 e 41st pl denver 80249 $150,000.00

Beds: 4 Fin Sq Ft: 2646 Baths: 3 Year: 1999 Acres:0.14 # of Photos Avail: 5 V-tour Available: No MLS #: 1049957 Listing Office: great way re exclusive propert

Broker Remarks: buy me! tile floors throughout living room & kitchen, great kitchen layout & loft area*ask about only $100 down offered … more… Disclosures

Our newest agent (Laurie Morrical) provides our newest listing today in Greenway Park Broomfield condos. This neighborhood is located just east of Highway 36 off of 120th ave. Homes in this complex are large (Some well over 1,400 square feet) and the prices here are hard to beat, giving this neighborhood tremendous value for anyone considering Broomfield condos.

Our team’s newest listing is a very large, 1,250 square foot unit with two beds and two baths. Priced at $91,500, this is the least expensive unit in the neighborhood and should move quickly. This unit is a short sale and we have our team of expert negotiators working on it now.

If you would like more information on this unit, or other Broomfield condos, give our team a call at 303-726-1874.

Greenway Park Broomfield Condos

10 evergreen st broomfield, CO 80020 Greenway park $91,500.00

Beds: 2 Fin Sq Ft: 1250 Baths: 2 Year: 1979 # of Photos Avail: 5 V-tour Available: No MLS #: 1049699 Listing Office: mb the brian petrelli team

Broker Remarks: two story with bsmt*sold as is*short sale approval needed*unit has lots of potential* buyer to verify hoa any & all fees… more… Disclosures

 Our team can help you with all of the available Broomfield condos, townhomes and homes for sale. Give our team a call today at 303-726-1874.

Our agents have been showing a number of clients homes for Sale in Parker and nearby areas in Douglas County. One of the most sought after neighborhoods for these buyers is The Pinery in Parker. This area is about 3 miles south of Main Street and encompasses both the upscale neighborhood of “The Pinery Parker Homes” as well as the more affordable “Pinery Parker homes” (no “the”).

The entire area is gorgeous and offers open spaces and easy access to both DTC and Colorado Spring. We receive several calls on this area from interested buyers each month.

Currently, HUD has 2 listing available in the area for under $170,000. The homes are in the (small “t”) Pinery Parker Homes and offer a more affordable priced house for the area. With the HUD home pricing and the incredible $100 down payment program HUD is offering, these are two unbelievable deals!

Pinery Parker Homes

6485 n pinewood dr parker, CO 80134 Pinery $139,500.00	Beds: 3 Fin Sq Ft: 1992 Baths: 3 Year: 1973 # of Photos Avail: 5 V-tour Available: No MLS #: 1028201 Listing Office: westfall & company marketing	Broker Remarks: hud owned*sold as is*great first time or investment property…. more… Disclosures
		6716 fonder dr parker, CO 80134 Pinery $166,000.00	Beds: 3 Fin Sq Ft: 1501 Baths: 3 Year: 2000 # of Photos Avail: 5 V-tour Available: No MLS #: 1049262 Listing Office: new & company	Broker Remarks: spacious 2 story home with 3 bedrooms, 3 baths, unfinished basement, 2 car garage. hardwood flooring, gas fireplace in f… more… Disclosures

If you are interested in learning more about these, or other homes for sale in Parker, give our team a call at 303-726-1874. We can help you with any of the Parker foreclosures, short sales or private owned homes available.

The Colorado Division of Housing released a new report today on Colorado Foreclosures. According to their data, new foreclosure notices in Colorado fell 27 percent from the same period in 2010.

Our team is seeing this data play out as the inventory of Denver foreclosures and Denver HUD homes continues to slowly fall. This decreasing inventory is reducing our clients choices on foreclosures and is drastically increasing the number ofr times our clients are forced into multiple bid situations on foreclosures. Our clients have been involved in more than half a dozen multiple bid situations over the past month.

From the Colorado Division of Housing:

Foreclosure filings fell to an 11-quarter low during the second quarter of this year, and although filings rose during the third quarter, they remain near 3-year lows. During the third quarter of this year, foreclosure filings totals were 35 percent below the peak in foreclosure filings reached during 2009. The year-over-year decline in foreclosure filings and in auction sales reflects an ongoing trend that began in late 2010.

If you’d like more specific data for your neighborhood or any area you are thinking or purchasing in, give our team a call at 303-726-1874. We can help you with all of the available foreclosures available and help educaate you on the different types of foreclosures and the process to place bids and make offer.

Some good news for those of you who live in Highlands Ranch homes or who are looking at Highlands Ranch homes for sale: The Highlands Ranch Community Association has made some budget changes and will not raise their fees for for the next fiscal year.

According to the Denver Post:

The organization will do that by reducing staffing costs, partly through cutting hours at some of its recreational facilities, by, for example, shutting down the facilities on July 4 and reducing the hours for registration and membership on the weekends. The child care center at Eastridge Recreation Center, which has been losing money, will be shuttered, saving about $6,000, said Peggy Zack, interim community manager.

Leaving the fees unchanged (currently $127 per quarter) helps both homeowners and homesellers. While one of the least expensive HOA fees in the Metro Area, every dollar counts, and leaving fees unchanged helps reassure potential new homeowners that the association is well managed and fees won’t spike.

If you are looking for Highlands Ranch homes for sale, don’t let the quarterly fee scare you off. The benefits of the HRCA are well worth the costs.

HRCA fees Include

1. Access to all 4 rec centers and the indoor / outdoor pools.
2. Discounted rates on all classes, sports programs and other fee based activities
3. Numerous community events
4. So much more. Check out the Highlands Ranch Community Association’s website.

 If you are interested in learning more about Highlands Ranch homes, give our team a call at 303-726-1874. Our office is based in Highlands Ranch and we can answer all of your questions.

HUD released a new listing in the Highline Meadows neighborhood. This neighborhood is one of the best values for Centennial Townhomes. These units are very large and the townhome complex surrounds a gorgeous lake and park area. This neighborhood also has a condo area with smaller units just a short walk away from the lake.

This HUD townhome was released two weeks ago and our team has not yet had a chance to preview it. However, we have a client that we’ll be showing it to this weekend and will update this blog with our impressions.

In general, these townhome are normally a fantastic deal, with ~1,900 square foot, 3 bedroom units starting in the mid $100’s. This HUD listing is priced at just $110,000 making it’s price per square foot an incredible $57!

Highline Meadows

HUD Owned Home 392 e highline cir centennial 80122 $110,000.00

Beds: 3 Fin Sq Ft: 1940 Baths: 3 Year: 1971 # of Photos Avail: 5 V-tour Available: No MLS #: 1044808 Listing Office: re/max momentum

Broker Remarks: great two-story condo-close to shopping, easy access to highways. light and bright-great opportunity as this home is 203… more… Disclosures

Our team can help you with all of the available Centennial townhomes and Centennial foreclosures. Give us a call today and we can help you make the best choice: 303-726-1874.

Don’t forget to ask us about the new $100 down payment program available for Denver HUD homes.

With the recent news about the $100 HUD down payment program, we’re seeing an increased interest in HUD properties. A few of our clients have been looking at Thornton foreclosures so we were excited when this HUD home came on the market.

Located off of Colorado Blvd between 100th and 104th, this is a large, 4 bedroom home that is in great shape for a HUD listing. With over 2,100 square feet, this large, open home will not stay on the market long. If you’re interested in seeing it before it’s gone, give our team a call at 303-726-1874.

HUD Owned Home 10164 madison st thornton 80229 $205,000.00

Beds: 4 Fin Sq Ft: 2147 Baths: 3 Year: 2003 Acres:0.13 # of Photos Avail: 5 V-tour Available: Yes MLS #: 1045490 Listing Office: re/max professionals

Broker Remarks: property may be eligible for the fha $100 down payment program. ask your agent for details. you have to seethis beauty! … more… Disclosures

Our team can help you with any available Thornton foreclosures or Thornton homes for sale. Just give us a call and we can tell you all about the $100 down payment programs available on Denver HUD homes and all of the other available low down programs out there: 303-726-1874.